On May 8, 2014, Jonathan Dart, Consul General at the British Consulate in Toronto, will speak about the UK’s recent experience in nuclear energy finance and lessons that can be learned. Below is the abstract for the event:
“Financing nuclear energy projects has become increasingly complex in recent years. The potential for projects going over budget and difficulty in quantifying project risk contribute to financing complexity and cost. The large capital requirements in nuclear energy projects have typically required that national governments become involved in order to guarantee payments or backstop projects. In many jurisdictions the high level of complexity have made nuclear projects prohibitively expensive. Coupled with negative public sentiment towards nuclear energy there has been a decline in nuclear power useage in several Western economies. Concurrently, there are numerous countries such as China and India, that are ramping up their nuclear energy capabilities. In the United Kingdom, after years of decline in nuclear energy the government has decided to proceed with building a new reactor. How was this financed? What changed in the eyes of policy makers that they decided to proceed with new nuclear? Is there an opportunity for Canadian funds and investment bankers to participate in the large nuclear projects that will be deployed globally?”
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